• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Agriculture / ISU economist says China trade talk is a positive

ISU economist says China trade talk is a positive

October 15, 2019 By Radio Iowa Contributor

Wendong Zhang

Members of Iowa agriculture sector are finding hope in the tentative trade deal announced between the United States and China.

President Donald Trump says China has agreed to buy between 40 and 50 billion dollars in U.S. agriculture products, if the deal goes through. Iowa State University economics professor Wendong Zhang says that’s significantly more than any single-year of U.S. exports to the Asian giant.

But it’s not clear whether the new number reflects an annual promise. “The Chinese probably left more wiggle room-there’s a really big number but there’s no timeframe tied to it,” he says. Zhang says tariffs that could have been imposed this week will not go into effect. That’s some relief, but now farmers and others will wait to see whether the threat of December tariffs is also lifted.

Zhang welcomes what he calls important first steps as the two sides each still angle to come out ahead. “The trade war has been elevated so much, I think in the end both countries need to find a way, that, in some respects, both leaders need to go back and say we won the trade war, somehow,” Zhang says.

Zhang says a shallow agreement on big issues like technology transfer and intellectual property protections is likely. But significant increases in Chinese imports of U.S. corn, ethanol and beef could also be part of the deal.

(Thanks to Amy Mayer, Iowa Public Radio)

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture, News Tagged With: Corn & Soybeans, Iowa State University, Trade

Featured Stories

Governor signs Iowa Renewable Fuels Standard into law

Jury returns guilty verdict in shooting death of State Trooper

A haboob, a dust storm black out, hits northwest Iowa

Summit has easements for 20% of carbon pipeline route through Iowa

Morel mushroom hunters on hold without warmer conditions

TwitterFacebook
Tweets by RadioIowa

Iowa’s Huckstorf garners national award

Iowa Special Olympics Summer games set to open in Ames

Radio Iowa/Baseball Coaches Association High School Poll 5/16/22

Iowa assistant coach Kirk Speraw to retire

Northern Iowa prepares for Missouri Valley Conference softball tournament

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 · Learfield News & Ag, LLC